The Wall Street Complex, International Monetary Fund and Washington Consensus

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Abstract:
“Occupy Wall Street” movement which has aimed the heart of the global financial capitalist system enjoys a special significance in the perspective of social-economic- political, human rights (work force), moral and cultural heritage of nations and can be considered as a symbol of work force economic jihad in national and global level in order to realize justice and socio-economic equality. But considering the Wall Street issue alone, without considering its relationship with some international economic institutions such as IMF or the Washington Consensus, would deteriorate the realization of the depth of this issue. This article tries to consider the issue by emphasizing on factors like the power structure in international financial institutions, the Washington Consensus, the school of originality of money, the prevalent unstrained financial markets called “market self-regulation”, new financial goods engineering and risk business and the mission of the financial sector of the (virtual) economy in actual economy, and will address the issue in brief according to “work force as the most valuable human assets” and economic cultural and financial jihad towards the resurrection of human dignity from the perspective of justice and social equality and preservation of workforce cultural heritage. Finally there will be a brief reference to the side pressures of the movement to the conventional economic discipline which is mainly originated from the financial sector’s function in national and global economy and is considered a kind of economic jihad.
Language:
Persian
Published:
دوفصلنامه مطالعات سیاسی اجتماعی جهان, Volume:2 Issue: 1, 2012
Page:
7
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